OECD’s Gurria: Banks Have to Start Lending

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Editor

Jan 29, 2009 6:25 am ET

Bear Blog: Angel Gurria, secretary-general of the OECD, says the economic crisis will hit bottom in the last quarter of 2009, with a meager recovery starting in early 2010. Asked what sectors of the economy will drive the recovery, Mr. Gurria said: “Frankly the guys in the banks have to start doing their jobs again and start lending.”